Cuba and CARICOM Agree on Mutual Tariff Concessions

Photo: Prensa Latina

Cuba and CARICOM Agree on Mutual Tariff Concessions

February 16, 2017

Cuban ambassador to Guyana, Julio Cesar Gonzalez Marchante, talked today about the importance of an agreement on mutual concessions of products and tariff preferences between Cuba and the Caribbean Community (CARICOM).

The diplomat told Prensa Latina that the Second Additional Protocol of the Trade and Economic Cooperation Agreement, already started by both sides, is a tribute to the economic debate of a CARICOM summit, which begins today in Georgetown, Guyana.

The agreement includes 349 Caribbean products with free access to the Cuban market, while CARICOM will grant preferences to 86 Cuban products.

The Cuban ambassador pointed out that the Cuba-CARICOM agreement will be officialized in March in Havana during a meeting of Caribbean foreign ministers.

Both sides expressed the interest of the region in the Cuban market, with a population of more than 11 million inhabitants and more than four million tourists per year.

The leaders of the 15 member countries of CARICOM will analyze today and tomorrow economic, regional security and international relations issues.